APG to invest over AUD 1 billion in Octopus Australia through its flagship renewable energy platform, OASIS
It picked Octopus Australia for its integrated model and due to their shared climate goals
Financial backing to the developer’s boost solar, wind, and battery pipeline in Australia
Octopus Australia’s flagship renewable energy platform OASIS has attracted Dutch pension investor APG Asset Management, which intends to invest more than AUD 1 billion ($650 million) in the company.
One of the world’s largest pension fund investors, APG manages more than AUD 1 trillion investment. After a detailed review, it chose to partner with Octopus Australia because of its integrated development model and shared focus on impact, climate goals, and long-term value creation.
“We are looking forward to deepening our collaboration with Octopus Australia as we meet substantial demand for high-quality renewable energy infrastructure in key markets like Australia and support the wider energy transition needed across the world’s highest emissions regions,” said APG’s Head of Infrastructure & Private Natural Capital across Asia Pacific, Hans-Martin Aerts.
APG joins Octopus Australia’s existing investors, including major super funds, global pension funds, the CEFC, and private financial institutions.
Octopus Australia, a subsidiary of Britian’s Octopus Group, says that this partnership will bring it financial backing to accelerate its growing platform and pipeline of utility-scale solar, wind, and battery storage projects.
The company currently manages an operating and development portfolio of over $11 billion across wind, solar and battery storage.